Understanding Your Options For Organizing Your Affairs
Of all the decisions you make, few are more important than how you organize your affairs, which some people do with a legal Will. But before you have your own will prepared, it’s essential to review this option and make sure it’s right for you.
What Is a Will?
Often referred to as a “LAST WILL and TESTAMENT,” a Will is a document that specifies how your property is distributed after you die. In the past, they have been among the most common methods people use to put their affairs in order while they are still alive.
Will vs. Trust: What’s the Difference?
Wills aren’t the only way of putting your affairs in order. You also have the option of using a trust, which keeps your estate private and sends your assets directly to your heirs. Trusts have the benefit of letting your family obtain your property without going through the probate process or paying court fees. As a result, your loved ones receive a larger percentage of your assets.
Do I Need An Estate Planner?
Yes- If you want to control what happens to your property after you pass, you must plan accordingly.
Why Might I Need a Will?
Making a Will is ideal in a number of situations, including if you:
- Are young and don’t have enough assets yet to set up a trust.
- Have children under 18. The only way to appoint a Guardian of your minor child in Arkansas is with a will
Estate Planners of Arkansas P.A offers both Will and trust services. For more information or to request our assistance, contact us today.